Business
Dauntless Capital Corp. appoints Mr. Farhad Abasov to the Board of Directors
Dauntless Capital Corp. appoints Mr. Farhad Abasov to the Board of Directors
About this update from Encore Energy Corp.
[{"type":"text","content":"\n\n\n\n Jun. 29, 2010 (Canada NewsWire Group) -- SYMBOL - DTL.P\n\n Dauntless Capital Corp. (TSX-V: DTL.P) ("Dauntless" or the "Company") is pleased to announce the appointment of Mr. Farhad Abasov to its Board of Directors.\nMr. Abasov brings a wealth of experience in the uranium industry where he was Senior Manager with Atomic Energy of Canada, responsible for business development in Asia, prior to joining Energy Metals Corporation (TSX:EMC, NYSE:EMU) as Vice-President of Corporate Development in 2006. Mr. Abasov also served as Vice-President of Portfolio Management and Vertical Integration of Uranium One Inc. (TSX:UUU) following its $1.8 billion acquisition of Energy Metals Corporation in early 2007. Mr. Abasov currently serves as President & CEO of Allana Potash Corp. and Executive Chairman of Rodinia Minerals Inc. in addition to having been the Co-Founder and Senior Vice-President of Potash One Inc.\nMr. Abasov has a MBA in Business and Finance from the International University of Japan and speaks six languages.\nDauntless is a capital pool company within the meaning of the policies of the TSX Venture Exchange (the "Exchange") and is in the business of identifying a Qualifying Transaction as defined by the Exchange. Refer to the Company's news release of May 27, 2010 for details of the Company's proposed Qualifying Transaction.\nUpon completion of its Qualifying Transaction, Dauntless plans to change its name to "Tigris Uranium Corp.". The Company expects that it will be classified as a mining issuer under the policies of the Exchange and will be engaged in the exploration and development of prospective uranium properties, including the Crownpoint, Hosta Butte and McKinley properties in McKinley County, New Mexico, USA, which the Company is proposing to option in connection with its Qualifying Transaction.\nCompletion of the Qualifying Transaction (the "Transaction") is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange requirements, majority of the minority shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.\nInvestors are cautioned that, except ...